April 30, 2025, saw significant movement in the U.S. stock market, with a broad decline across major indices. The S&P 500 dropped by 2.1%, the Nasdaq fell 2.7%, and the Dow Jones lost 650 points (1.7%) amid disappointing economic data. Key reports showed a 0.3% contraction in Q1 GDP and slower-than-expected job growth, raising concerns about a potential economic slowdown.

Here are some of the top stock movers today:

Super Micro Computer (SMCI):
Shares tumbled nearly 20% after the company reported weaker-than-expected third-quarter earnings and cited delayed customer orders. The company’s disappointing performance also impacted competitors like Dell.

Nvidia (NVDA):
Nvidia’s stock fell by 4% as investors grew concerned about weaker chip demand amidst broader market weakness.

Tesla (TSLA):
Tesla shares dropped 6% after a strong rally earlier in the week, as investors remain cautious ahead of the company’s upcoming earnings report.

Starbucks (SBUX):
The coffee giant’s stock dropped by 8.5% after reporting a 9% drop in net income and a 4% decline in same-store sales globally.

Seagate Technology (STX):
Seagate saw a 9% increase in its stock price after reporting better-than-expected quarterly earnings.

Norwegian Cruise Line (NCLH):
Shares of Norwegian Cruise Line fell by 8% amid concerns over the potential impact of tariffs on the travel industry.

First Solar (FSLR):
First Solar’s stock dropped 12% after the company revised its annual earnings and revenue guidance downwards due to the impact of tariffs.

Snap Inc. (SNAP):
Snap’s stock plummeted 15% following a warning that advertising revenue is facing pressure due to tariffs imposed by the White House.

Investors are advised to keep an eye on these stocks, as they reflect broader economic trends that may influence market sentiment in the coming weeks.

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